Nasdaq (NDAQ) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Nasdaq (NASDAQ: NDAQ):

• 4/26/2024 – Nasdaq was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/26/2024 – Nasdaq had its price target lowered by analysts at Barclays PLC from $76.00 to $73.00. They now have an “overweight” rating on the stock.
• 4/26/2024 – Nasdaq had its price target lowered by analysts at Keefe, Bruyette & Woods from $75.00 to $74.00. They now have an “outperform” rating on the stock.
• 4/26/2024 – Nasdaq had its price target lowered by analysts at Rosenblatt Securities from $82.00 to $76.00. They now have a “buy” rating on the stock.
• 4/11/2024 – Nasdaq is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $76.00 price target on the stock.
• 4/9/2024 – Nasdaq was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $80.00 price target on the stock, up previously from $59.00.
• 4/3/2024 – Nasdaq is now covered by analysts at Edward Jones. They set a “buy” rating on the stock.
• 3/27/2024 – Nasdaq was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/26/2024 – Nasdaq was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $73.00 price target on the stock.

Nasdaq Price Performance

Nasdaq stock traded down $0.06 during midday trading on Thursday, hitting $59.82. The company’s stock had a trading volume of 2,097,598 shares, compared to its average volume of 3,174,791. Nasdaq, Inc. has a 12 month low of $46.88 and a 12 month high of $64.25. The company has a market capitalization of $34.49 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The stock’s 50-day moving average price is $60.19 and its 200-day moving average price is $56.72.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Nasdaq had a return on equity of 17.00% and a net margin of 15.98%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company earned $0.69 earnings per share. Nasdaq’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts anticipate that Nasdaq, Inc. will post 2.69 earnings per share for the current fiscal year.

Nasdaq Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.24 dividend. This is a boost from Nasdaq’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.96 annualized dividend and a yield of 1.60%. Nasdaq’s dividend payout ratio is 46.32%.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total value of $465,534.00. Following the sale, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Everard Smith sold 7,400 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.91, for a total value of $465,534.00. Following the completion of the transaction, the executive vice president now directly owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Institutional Trading of Nasdaq

Hedge funds have recently added to or reduced their stakes in the business. Greenleaf Trust increased its holdings in Nasdaq by 1.6% during the 1st quarter. Greenleaf Trust now owns 11,330 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 183 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in Nasdaq by 89.3% during the first quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 201 shares during the last quarter. Cigna Investments Inc. New lifted its position in Nasdaq by 5.6% during the first quarter. Cigna Investments Inc. New now owns 3,872 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 205 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Nasdaq by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 4,788 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 255 shares during the last quarter. Finally, Bollard Group LLC raised its position in shares of Nasdaq by 0.4% in the fourth quarter. Bollard Group LLC now owns 71,273 shares of the financial services provider’s stock valued at $4,144,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.